Delegates from more than 130 countries have gathered in Toronto this week for the annual Prospectors and Developers Association of Canada (PDAC) convention. The meeting brings together the global mineral exploration industry, to talk about trends, prices, challenges, hotspots and government regulations.
Much of the buzz at the convention this year is about critical minerals, and the commitment the federal government has made to the sector, according to PDAC President, Ray Goldie.
“There’s more continued excitement that the Government in Canada is much in favour of critical minerals,” he says.
Recently, the Government of Canada offered investors access to a variety of incentives, including the $4-billion Critical Minerals Strategy, a $1.5-billion Critical Minerals Infrastructure Fund, as well as investment tax credits of 30 per cent for exploration activities to foster investment in critical mineral projects.
Goldie added that the government’s involvement in mining is a good thing for Canadian investors interested in the sector. He would like to see Ottawa extend the mineral exploration tax credit for another five years, just as they did back in 2018.
[More]
